Seychelles

Seychelles - Offshore company - Overview

Seychelles is a group of islands in the Indian Ocean, between the east coast of Africa and India. Most of you know Seychelles jurisdiction because of its natural beauty and the fantastic tourist destination it is. Seychelles is an independent Republic and one of the most progressive offshore centers in the world with competitive legislation, which makes incorporation relatively simple, whilst ensuring investor confidence and privacy.
Seychelles has double tax treaties with Indonesia, Barbados, China, Oman, Qatar, UAE, Vietnam, South Africa, Zimbabwe, Malaysia, Botswana, Thailand, Mauritius and Cyprus making all jurisdictions of choice traders.
The governing legislation for the formation of the versatile and most widely sought type of offshore company is Seychelles International Business Companies Act 1994. More recent legislation covers the licensing of offshore trust, offshore banking, offshore insurance, mutual funds, international shipping and aircraft registration. Favorable tax policies and free trade zone laws are also in effect, encouraging inward investment.
For Seychelles you have several entity types you can incorporate: IBC, CSL, Trust or PCC.

We can incorporate your Seychelles International Business Company (IBC) within 1-2 weeks. You have to choose one name for your Seychelles Company, which may be in any language, but an official translation in English or French is required. Concerning the capitalization, shares and the shareholders and director, the Seychelles Company has a very flexible structure.

The main advantages of incorporating an offshore firm in Seychelles are: exemption from all local taxes and stamp duty (Seychelles companies are exempt from all taxes on income derived outside of the Seychelles jurisdiction); maximum confidentiality and anonymity of your business activity; ease of operation, maintenance and control of your offshore company; asset security; no disclosure or minimum capital requirements; bearer shares are permitted; the minimum required number of shareholders is one; the minimum number of directors is on; corporate directors and shareholders are permitted; excellent and flexible post-incorporation follow-up services for your offshore business; no statutory requirement to hold annual general meetings; highly competitive fees and costs to incorporate an offshore company.

Seychelles

General Information

Type of entity

IBC

Type of law

Hybrid

Shelf company availability

Yes

Company Registration Timescale

1 days

Corporate Taxation

Nil

Double taxation treaty access

No

Share Capital or Equivalent Requirements

Standard currency

US$

Permitted currencies

Any

Minimum paid up

US$1

Usual authorized

US$100,000

Directors

Minimum number

One

Local required

No

Publicly accessible records

No

Location of meetings

Anywhere

Shareholders

Minimum number

One

Publicly accessible records

No

Location of meetings

Anywhere

Company Secretary

Required

No

Local or qualified

No

Accounts

Requirement to prepare

Yes

Audit requirements

No

Requirement to file accounts

No

Publicly accessible accounts

No

Recurring Government Costs

Minimum Annual Tax/License Fee

US$100

Other

Requirement to file annual return

No

Change in domicile permitted

Yes

Seychelles Incorporation Costs

Company registration

790 Euro

Bank account

490 Euro

Annual Tax( from 2nd year)

690 Euro

Optional/Additional costs

Nominee Director/year

290 Euro

Nominee Shareholder/year

290 Euro

Certificate of Good Standing

150 Euro

Power of Attorney

150 Euro

Apostil/document

150 Euro

Company seal

50 Euro

Courier Delivery

80 Euro